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Business, 06.05.2020 03:01 joelpimentel

Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the following questions. Assume that the base year is 2015.

Good 2015 Price 2015 Quantity 2016 Price 2016 Quantity
A $2 250 $3 200
B $3 300 $2 400
C $4 400 $5 500

What was the gross domestic product (GDP) deflator in 2016?

a) 103 b) 108.3 c) 110 d) 120 e) 13

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